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AUD/USD Outlook: Bulls Continue a 3-day Rally Amid Dovish Fed
['Saqib Iqbal', 'View All Posts Saqib Iqbal', 'Published Date', 'Jan.']
Forex Crunch
The AUD/USD outlook remains strongly constructive as the dovish Fed further weakened the dollar, giving the pair another push to fresh highs.
Technically, the pair remains supported as long as it stays above 0.7000.
AUD/USD is trading near 0.7080 in Asia, continuing a three-day rise amid diverging central bank expectations and changing risk sentiment.
The pair remains supported due to broad dollar weakness.
Although the RSI remains extremely overbought, the Aussie remains supported amid a weakening dollar.